Barclays Disciplines 13 Staff Over Libor Case

By

Max Colchester And

Harriet Torry

Nov. 28, 2012 10:53 a.m. ET

LONDON—Barclays PLC has disciplined 13 members of staff in relation to allegations of rate-fixing, the head of its investment bank said, as the U.K. bank seeks to rebuild its reputation following its involvement in the Libor scandal.

Speaking to members of parliament on Wednesday, Rich Ricci said the employment of five traders had been "terminated," while several others are in the process of appealing decisions to fire them. Many of the employees involved in the alleged wrongdoing left the bank before they could...